Capital Group, one of the world’s largest investment firms with more than $1 trillion in assets under management, helps millions of people around the world invest through pensions and retirement plan accounts.
So, how do associates, whose job is helping others invest, plan for retirement? Capital associates likely have more in their nest egg than the general population. According to Aon Hewitt, the average Capital associate’s retirement account held nearly $300,000 at the end of 2012—compared to a national average of $81,000.*
“Something about working in the industry makes us keenly aware of the need to prepare for retirement,” shares Erika Ivanyi, Co-General Manager of Capital’s San Antonio office. “We’re also fortunate to have a very generous company-sponsored retirement plan.”
The firm contributes 15% of total annual compensation (up to regulatory limits) into each associate’s retirement plan.
How well do associates at this investment management firm invest? The median rate of return for Capital associates in 2012 was 15.7%—compared to the industry average of 11.9%*.
For Capital associates, retirement is all in a day’s work.
*Aon Hewitt 2013 ICB Summary